Give any teenager of your choice an unlimited credit card, tell him/her not to be concerned about responsibility for any resulting debt payments and, in very short order, he/she will appear the richest kid in town. I’ve recently seen a number of writings extolling our present apparent prosperity, inferring high praise to our present administration for bringing about such a miracle. Almost all of the credit for this miracle, they strongly imply, must go to the ‘Bush Tax Cuts’, completely ignoring what, I believe, is an even more important factor in producing all these lovely high times – – – The Bush National Debt Increase! Read more…

Vincent Carroll is The Denver Post's editorial page editor. He has been writing commentary on politics and public policy in Colorado since 1982 and was originally with the Rocky Mountain News, where he was also editor of the editorial pages until that newspaper gave up the ghost in 2009.

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